Overview

• Haverty Furniture Q3 sales grow 10.6%, beating analyst expectations, per LSEG data

• Diluted EPS for Q3 decreases slightly compared to last year

• Company plans to expand store count with five new openings in 2026

Outlook

• Company expects 2025 gross profit margins between 60.4% and 60.7%

• Fixed and discretionary SG&A expenses for 2025 expected at $296.0 mln to $298.0 mln

• Planned capital expenditures for 2025 are approximately $24.0 mln

Result Drivers

• LABOR DAY PERFORMANCE - Strong sales during Labor Day weekend contributed significantly to Q3 results, per CEO Steven G. Burdette

• MARKETING INVESTMENTS - Strategic marketing investments increased customer traffic and average tickets, driving sales growth

• STORE EXPANSION - Opening of a third Houston location added to positive momentum and future growth plans

Key Details

Analyst Coverage

• Wall Street's median 12-month price target for Haverty Furniture Companies Inc is $29.00, about 28.3% above its October 28 closing price of $20.80

• The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nACS29vg2a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)